Latin America

Dear leaders, negotiators, and decision makers,   This year, "Unite-Act-Deliver" is the slogan of COP28, a pivotal event in the international endeavour to combat climate change. The increasing number of climate disasters in 2023, wherein severe weather phenomena have wreaked devastation on a global scale, shows the urgency of the need to act. The United States, Hong Kong, Greece, Libya, Turkey, Bulgaria, Spain, Taiwan, Pakistan and China were all affected by hurricanes, storms, droughts, and flooding. The floods that struck Libya and Pakistan were particularly devastating, resulting in substantial destruction of infrastructure and loss of life, and increasing sea levels and heat surges that have been felt globally have also occurred.   Furthermore, the adverse effects of climate change on food and water security on a global scale have impeded progress towards attaining the Sustainable Development Goals. In particular, food systems are accountable for one-third of worldwide green gas emissions and have slowed agricultural productivity for the past five years which entails the transformation of food systems to achieve net-zero emissions.

The world is probably facing one of the worst debt crises in decades. The disruption of global supply chains caused by Covid-19, which resulted in shortages of many items and higher prices, caused more pressure on the international balance of payments and led to this high-level debt crisis. The Russia Ukraine conflict added to these inflationary pressures, and the United States (US) Federal Reserve's move to raise interest rates to combat US inflation has driven the dollar's value to its highest level in twenty years. As a result, countries that borrowed money in dollars now have more expensive debt since their currencies are worth less, which drives up the price of their imports even more. Consequently, developing countries turned to the International Monetary Fund (IMF) for financial support as a result of all these factors in order to deal with their debt crises and economic instability. The IMF in its turn grants loans to countries subject to the adoption of a number of harsh and rigorous economic reforms. Because of its austerity policies and conditionality, the IMF has come criticized and the question of whether the countries in crises actually benefit or suffer harm from the IMF has been raised. To evaluate the success of IMF policies, examples of countries that have benefited from IMF policies need to be examined to answer this question.

Following the First and Second World Wars, the world order was founded on open international trade to ensure peace and security. Where the major powers realized that the two world wars occurred as a result of international competition over resources and markets, and therefore the Bretton Woods system came intending to establish a stable international monetary system that encourages global economic cooperation. Its main objective is to avoid the destabilising effects and competitive devaluations of currencies that were used in the period between and before the two world wars, to provide a framework for the free international exchange of goods and services, and to promote economic growth and stability in the long term.

The recent statement by UN Secretary-General António Guterres on January 17, 2023, that Lebanon and eight other countries will lose their right to vote in the UN sparked various concerns about the standards used to make this decision. Looking at the disenfranchised list, we find common problems in these countries. Some countries—like Somalia, South Sudan, and Lebanon—suffer from political and economic crises, while others—like Venezuela—suffer from economic sanctions that have wreaked havoc on their economies. Such a decision highlights how crucial it is to link democracy with justice and raises whether the countries’ rights depend on their financial resources. Is it unacceptable for underdeveloped and distressed countries to participate in international forums and voice their thoughts? Some other countries violated, and continue to break, International Law and the UN Charter; however, they enjoy their voting rights. In addition, the UN is the primary international platform where countries seek to resolve their differences without resorting to conflict. Countries have to participate in this entity to make their voices heard in the global community; if they are excluded, they will assume individual responsibility for forging solid alliances and searching for alternative sources of communication with the rest of the worldwide community.   The current analysis aims to evaluate the provisions and procedures on which the nine countries were denied the right to vote to determine the key drivers of the decision and how the nine denied countries may restore their voting rights.